After testing 1.0050 resistance yesterday and the upper limit of the bullish channel, the USD / CAD has resumed its downward movement and pause of 1.0 gave us a new sell signal.
All indicators are bearish.
Parity is still evolving in its medium-term downward trend (black line).
We continue to advise short positions is 1.0050 resistance.
The breaking of 0.9950 would signal a new sales and pave the way to 0.99.
In case of return above 1.0050, we will be neutral between this level and 1.0079.
The breaking of 1.0079 would give a buy signal.
All indicators are bearish.
Parity is still evolving in its medium-term downward trend (black line).
We continue to advise short positions is 1.0050 resistance.
The breaking of 0.9950 would signal a new sales and pave the way to 0.99.
In case of return above 1.0050, we will be neutral between this level and 1.0079.
The breaking of 1.0079 would give a buy signal.
